Wednesday, October 19, 2011

[CUR] insider trader sentence

i am doing m y current even on this scandal that raj rajaratnam did that was not right.

Raj Rajaratnam, a self-made hedge-fund tycoon convicted of fraud and conspiracy in the biggest Wall Street trading scandal in a generation, has been ordered to serve 11 years in prison, one of the longest sentences on record in an insider-trading case, but less than prosecutors had sought.
US District Judge Richard J Holwell announced the sentence in Manhattan on Thursday after concluding that Rajaratnam made well over $50m in profits from his illegal trades.
so he basically was ripping people off for his own good, i think that is the most messed up thing he already had a lot of money so why would he keep on doing it that just does not make sense to me, is he not happy with the money he had? cause i sure of hell would of been. so he made over fifty million dollars in profit! profit from his illegal trades and was still doing it, that can last him a life time or even a couple. but i just think that he is really an idiot this is america you are bound to get caught eventually so he should of anticipated that instead of keep going and now hes going to be in jail for a long time.now he gets a long time in prison and has to pay a huge fine for his crime, but that is his fault and he deserves that. so this was one of the biggest wall street scandals ever and has to serve 11 years in prison, hopefully he has learned his lesson.

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